Analysts rush to cut Intel (INTC) price targets following weaker than expected Q1 guidance

Intel (INTC) PT Lowered to $29 at Truist Securities

Truist Securities analyst William Stein lowered the price target on Intel (NASDAQ: INTC) to $29.00 (from $33.00) while maintaining a Hold rating.... More

Intel (INTC) PT Lowered to $45 at Northland Capital Markets

Northland Capital Markets analyst Gus Richard lowered the price target on Intel (NASDAQ: INTC) to $45.00 (from $52.00) while maintaining a Outperform rating.... More

Intel (INTC) PT Lowered to $26 at Wells Fargo

Wells Fargo analyst Aaron Rakers lowered the price target on Intel (NASDAQ: INTC) to $26.00 (from $32.00) while maintaining a Equal Weight rating.... More

Intel's 'historic collapse' erases $8 billion from market value

By Aditya Soni and Nivedita Balu

(Reuters) - Intel Corp saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market.

The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business.

Intel shares closed 6.4% lower, while rival Advanced Micro Devices and Nvidia ended the session up 0.3% and 2.8%, respectively. Intel supplier KLA Corp settled 6.9% lower after its dismal forecast.... More

Intel (INTC) PT Lowered to $23 at Susquehanna

Susquehanna analyst Christopher Rolland lowered the price target on Intel (NASDAQ: INTC) to $23.00 (from $24.00) while maintaining a Negative rating.... More

Intel (INTC) PT Lowered to $28 at JPMorgan

JPMorgan analyst Harlan Sur lowered the price target on Intel (NASDAQ: INTC) to $28.00 (from $32.00) while maintaining a Underweight rating.

Intel (INTC) PT Lowered to $17 at Rosenblatt

Rosenblatt analyst Hans Mosesmann lowered the price target on Intel (NASDAQ: INTC) to $17.00 (from $20.00) while maintaining a Sell rating.... More

Intel (INTC) PT Lowered to $32 at Baird

Baird analyst Tristan Gerra lowered the price target on Intel (NASDAQ: INTC) to $32.00 (from $34.00) while maintaining a Neutral rating.... More

Intel (INTC) PT Lowered to $27 at Barclays

Barclays analyst Blayne Curtis lowered the price target on Intel (NASDAQ: INTC) to $27.00 (from $30.00) while maintaining a Equalweight rating.... More

Intel (INTC) PT Lowered to $25 at BofA Securities

BofA Securities analyst Vivek Arya lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $28.00) while maintaining a Underperform rating.... More

Intel (INTC) PT Lowered to $20 at Bernstein, 'When You Punch Yourself in the Face'

(Updated - January 27, 2023 6:41 AM EST)

Bernstein analyst Stacy Rasgon lowered the price target on Intel (NASDAQ: INTC) to $20.00 (from $23.00) while maintaining a Underperform rating.

The analyst comments "It is now clear why Intel needs to cut so much cost as... More